# FuriosaAI raises $620M Series D at a $2.9B valuation

Digest AI · Hardware & Compute · published 2026-10-28T23:45:01Z

Canonical: https://digestai.news/story/furiosaai-raises-620m-series-d-at-a-2-9b-valuation

## Summary

Seoul-based AI chip startup FuriosaAI raised $620 million in a Series D funding round, Bloomberg reported. The transaction values the company at $2.9 billion, nearly quadrupling its previous $735 million valuation recorded in 2025.

South Korea's National Growth Fund provided $280 million of the total capital raised. The company plans to use the new financing to support its efforts to compete against established hardware makers such as Nvidia Corp.

## Key points

- FuriosaAI secured $620 million in Series D funding at a $2.9 billion valuation
- South Korea's National Growth Fund contributed $280 million to the round
- The valuation quadrupled from $735 million in 2025 to back competition with Nvidia

## Why it matters

The funding provides a major capital injection for an alternative AI accelerator manufacturer attempting to compete against market leader Nvidia.

## Sources

1. [Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025; South Korea's National Growth Fund contributed $280M](https://bloomberg.com/news/articles/2026-10-28/furiosaai-quadruples-valuation-to-2-9-billion-in-nvidia-chase) (bloomberg.com, 2026-10-28)

## Cite

Digest AI, "FuriosaAI raises $620M Series D at a $2.9B valuation", 28 October 2026, https://digestai.news/story/furiosaai-raises-620m-series-d-at-a-2-9b-valuation

---

Written by Digest AI's editorial model from the linked sources; the sources are the record. Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse
JSON: https://digestai.news/story/furiosaai-raises-620m-series-d-at-a-2-9b-valuation.json